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9116 Palm St, Bellflower, CA 90706
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9116 Palm St Bellflower, CA 90706

$4,198,000
  • 24 Beds
  • 20 Baths
  • 12,704 Sq.Ft.
For Sale
$4,198,000 Get Pre-Qualified
Map preview of 9116 Palm St, Bellflower, CA 90706

Property Overview: 9116 Palm St Bellflower, CA has 24 bedrooms, 20 bathrooms, 12,704 living square feet and 19,571 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: A wonderful opportunity to own a well maintained 16 unit apartment in Bellflower. 8 units are 2 Bedroom, 1.5 Bath, appox. 875 Sqft. and 8 units are 1 Bedroom, 1 Bath, approx. 620 Sqft. 5 units have patio, 5 units have balcony/deck, and 3 units have backyard. Laundry Room has 5 washers and 4 dryers (2 stacked units) that are owned. 1 large storage/office area, approx. 500Sqft with bathroom. Gross income is approx. $27,750 per month. Gated Complex with Remote/Code Access Car Entry. 25 Parking Spaces. Newer iron fence, Newer concrete parking lot, Newer water heater. Palm Street Park is located across the street with playgrounds for kids and numerous picnic tables. Perfect for gatherings and enjoying the outdoors. Conveniently located restaurants, banks, schools, shopping centers, parks, and more! Easy access to the 91, 605, 710 Freeways.

Listed by Kevin Liang | BRE #01980916 | KW Spectrum Properties
Last checked: 8 minutes ago | Last updated: March 26th, 2024 | Source CRMLS | DOM: 69
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Home details

Lot Sq. Ft
19,571
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Apartment
Status
Active
MLS#
OC24059675
City
Bellflower
County
Los Angeles
Time on Site
83 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
  • # of Leased Units: 16
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,919
  • Total Rent: $15,350
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,501
  • Total Rent: $12,010
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.7
  • Gross Scheduled Income: $328,200
  • Net Operating Income: $297,000
  • Gross Operating Income: --
  • Laundry Income: $5,000
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $36,200
  • Electric: $1,350
  • Gas/Fuel: $6,000
  • Trash: $4,000
  • Insurance: $7,500
  • Professional Management: $9,600
  • Water/Sewer: $7,100

Open Houses for 9116 Palm St

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Property Details for 9116 Palm St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas, Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Dryer Included, Gas Dryer Hookup, Individual Room, Stackable, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile
  • Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
Kitchen Information
  • Has Appliances
  • Disposal, Gas Range, Gas Water Heater, Hot Water Circulator, Range Hood, Water Heater
Interior Features
  • Tile Counters, Unfurnished
  • Levels: Two
  • Window Features: Blinds, Screens
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Rain Gutters
  • Has Fence
  • Block, Wood, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 25
  • Has Parking
  • Parking Features: Assigned, Concrete, Gated, Parking Space, Uncovered
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 16
  • Parcel Number: 7162016017
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Heading W on 91 Freeway, Exit Clark Ave. and turn Left, Turn Right onto Palm St. Heading E on 91 Freeway, Exit Lakewood Blvd., and turn Right, Turn Left onto Artesia Blvd., Turn Right onto Virginia Ave., Turn Right onto Palm St.
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Bellflower Agent

Sale History for 9116 Palm St

Last sold for $2,100,000 on September 26th, 2008

  • March, 2024

  • Mar 26, 2024

    Date

    Active

    CRMLS: OC24059675

    $4,198,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: OC23068037

    $4,598,000

    Price

  • Apr 24, 2023

    Date

    Active

    CRMLS: OC23068037

    $4,895,000

    Price

  • Listing provided courtesy of CRMLS

    A wonderful opportunity to own a well maintained 16 unit apartment in Bellflower. 8 units are 2 Bedroom, 1.5 Bath, appox. 875 Sqft. and 8 units are 1 Bedroom, 1 Bath, approx. 620 Sqft. 5 units have patio, 5 units have balcony/deck, and 3 units have backyard. Laundry Room has 5 washers and 4 dryers (2 stacked units) that are owned. 1 large storage/office area, approx. 500Sqft with bathroom. Gross income is approx. $25,465 per month. Gated Complex with Remote/Code Access Car Entry. 25 Parking Spaces. Newer iron fence, Newer concrete parking lot, Newer water heater. Palm Street Park is located across the street with playgrounds for kids and numerous picnic tables. Perfect for gatherings and enjoying the outdoors. Conveniently located restaurants, banks, schools, shopping centers, parks, and more! Easy access to the 91, 605, 710 Freeways.

  • July, 2022

  • Jul 5, 2022

    Date

    Canceled

    CRMLS: OC22072108

    $5,190,000

    Price

  • Apr 14, 2022

    Date

    Active

    CRMLS: OC22072108

    $5,190,000

    Price

  • Listing provided courtesy of CRMLS

    A wonderful opportunity to own a well maintained 16 unit apartment in Bellflower. 8 units are 2 Bedroom, 1.5 Bath, appox. 875 Sqft. and 8 units are 1 Bedroom, 1 Bath, approx. 620 Sqft. 5 units have patio, 5 units have balcony/deck, and 3 units have backyard. Laundry Room has 5 washers and 4 dryers (2 stacked units) that are owned. 1 large storage/office area, approx. 500Sqft with bathroom. Gross income is approx. $22,700 per month. Gated Complex with Remote/Code Access Car Entry. 25 Parking Spaces. Newer iron fence, Newer concrete parking lot, Newer water heater. Palm Street Park is located across the street with playgrounds for kids and numerous picnic tables. Perfect for gatherings and enjoying the outdoors. Conveniently located restaurants, banks, schools, shopping centers, parks, and more! Easy access to the 91, 605, 710 Freeways.

  • September, 2008

  • Sep 26, 2008

    Date

    Sold (Public Records)

    Public Records

    $2,100,000

    Price

  • July, 2003

  • Jul 8, 2003

    Date

    Sold (Public Records)

    Public Records

    $1,405,000

    Price

Show More

Tax History for 9116 Palm St

Assessed Value (2020): $2,475,533
Year Land Value Improved Value Assessed Value
2020 $1,156,296 $1,319,237 $2,475,533

Home Value Compared to the Market

This property vs the competition

9116 Palm St is listed 448.76% higher than the median list price for the city of Bellflower which has a median list price of $765,000. The median price per/sqft for Bellflower is $500 and this home is listed at $330.45 per/sqft which puts the price per square foot 33.91% lower than the median price per square foot for the city of Bellflower.

About 9116 Palm St

Detailed summary of property

9116 Palm St is a apartment located in Bellflower, CA 90706 and is currently for sale. This apartment offers 24 bedrooms, 20 bathrooms, roughly 12,704 living square feet, and sits on an approximately 19,571 square foot lot. 9116 Palm St was first listed on ArdentRealEstateGroup.com on March 26, 2024. The homeowner is currently asking $4,198,000. The median priced home in Bellflower is $765,000 with a median price per square foot of $500. Based on Ardent Real Estate Group's Bellflower Market Data, this home is listed 448.76% higher than the median priced home. Local competing homes currently for sale include 13716 Penn St, 1006 S Record Ave and 5871 S San Pedro St. While the average home in Bellflower, CA is selling in 47 days, 9116 Palm St has a days on market of 69 days. There are currently 46 homes for sale in the Bellflower real estate market and 34 of them are single family homes while 9 of them are condos and 3 are townhomes. For more information on this home for sale at 9116 Palm St Bellflower, CA 90706 contact Ardent Real Estate Group and we will put you in touch with one of our Bellflower agents.

Public Facts for 9116 Palm St

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
12,704
Lot Size
19,571
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
7162-016-017

The source for these homes facts are from public records.

90706 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$765,000
Median List Price/Sq.Ft.
$500
Median Sold Price
$825,000
Median Sold Price/Sq.Ft.
$469
Total Inventory
46
Median Sale to List Price %
101.23%
Avg Days on Market
25
Loan Type
Conventional (70%), FHA (20%), VA (0%), Cash (0%), Other (10%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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